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The significant factors surging the growth of the global dairy alternatives market include the growing concern associated with lactose intolerance among individuals and a fundamental shift in the consumer’s preference towards healthy food products. The increasing consumer awareness regarding the remarkable nutritional values provided by plant-based dairy alternatives, such as better cardiovascular health, lowers the cholesterol level, and controls diabetes, will promote them towards adopting dairy alternative food products to stay healthy and fit. Additionally, the rising trend of veganism and the growing per capita income is opening new doors for market growth during the forecast period. Numerous multinational giants emphasize on product innovation, such as the launch of different flavors of soy milk and almond milk, will attract many consumers looking for tastier healthy drink options. On the other edge of the spectrum, the variation in prices of raw materials and the challenge of developing alternative dairy products with low cholesterol and fat level are hindering the growth of the dairy alternatives market.

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